Balancing Mechanism price jumps to highest level since 2001, hitting £4,000/MWh
The imbalance price reached a high of £4,000/MWh on Friday evening, capping off a dramatic week in the energy market.
The imbalance price reached a high of £4,000/MWh on Friday evening, capping off a dramatic week in the energy market.
Power prices have spiked to a record level for this afternoon, as cold weather and low wind tighten margins again.
VEST Energy, a new energy trading company, has been launched to fill the gap between start-ups and less dynamic large trading companies.